California has set out ambitious targets for 2020, 2025, and 2030, aiming to have a total of 1 million, 1.5 million, and 5 million PEVs on the road by each year, respectively. At the beginning of 2018, California had roughly 341,000 registered PEVs, a number that can be expected to reach 400,000 by the end of 2018. To accomplish its 2030 goal, California will need to register 12 times the current total amount of PEVs on the road, or roughly 400,000 new vehicles annually.

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Note: Figures for 2018 show the numbers at the beginning of the year. For the years 2020, 2025, and 2030, Registered PEVs references state goals; Vehicles per 1,000 residents is the same for all years, the assumption being growth in vehicles will mirror state population.

To hit state targets, the state must do the following:

The transition towards Point-of-Sale (POS) financial incentives for PEV purchases should be enacted across the state,

Financial incentives should be extended to the secondary PEV market, and

The number of charging stations and ports available to the public must be increased across all zip codes, counties, and regions.

Expand the availability of models for consumers into light-weight and heavy-duty trucks.

To see a full list of Veridian Analytics’ actionable insights, download a copy of our white paper on California’s Plug-in Electric Vehicle market.